Fidelity National Title Insurance Company, NCS

ALTA ENDORSEMENTS - 288 - SAMPLES AND DESCRIPTIONS OPTION – FORM 46-06 This endorsement is designed to provide insurance as to the execution of an option to purchase the Land and that there are no other recorded rights granted to another party. Options must be coupled with an estate or interest in the Land that is being insured in the underlying policy, such as a leasehold estate in the option holder. A “bare” or “naked” option, not coupled with an insurable interest in the Land, is not usually insurable as a separate interest. ALTA Endorsement — Form 46-06 (Option Endorsement – 8/1/15) Form 46-06 Option